Pullback Likely A Correction *RES 4:...>

AUSSIE TECHS: Pullback Likely A Correction

*RES 4: 0.6622 100-dma

*RES 3: 0.6518 0.764 projection of Mar 19 - 31 rally from Apr 3 low

*RES 2: 0.6492 High Mar 12

*RES 1: 0.6445 High Apr 14

*PRICE: 0.6325 @ 17:22 BST Apr 15

*SUP 1: 0.6284 Low Apr 15

*SUP 2: 0.6214 Mar 31 high and former breakout level

*SUP 3: 0.6076 Low Apr 7

*SUP 4: 0.5980 Low Apr 3 and key near-term support

AUDUSD is under pressure as the USD firms and oil markets weaken. Wednesday's

sharp sell-off has defined a key S/T resistance at 0.6445, the Tuesday high. The

move lower has an impulsive character and potentially signals a reversal of the

recent rally in place since Mar 19. The next key support is 0.6214, Mar 31 high

and the recent breakout level. A break would open 0.6116, Apr 8 low. The Aussie

needs to trade above 0.6445 to reinstate a bullish theme.